Like hemlines, investing styles go in and out of fashion. And for the better part of 15 years, value investing — the strategy of buying shares trading at a discount — has been out of vogue, significantly lagging an approach focused on fast-growing stocks trading at pricey valuations.
Late last year, however, a shift began. Bargain-priced stocks in the Russell 3000 Index gained a bit more than 6% over the past six months through the end of March, for example, trouncing the nearly 9% loss in the bogey's growth stocks over the same period. It's early days, of course.
